Oil & Energy
Total Okays IPS’ World Class Status
The Managing Direc
tor ofTotal E&P Nigeria Limited, Mr Nicholas Terraz, has expressed happiness over the company’s growing association with the Institute of Petroleum Studies and other stakeholders.
According to Terraz, the partnership has been mutually beneficial and had greatly contributed to the development of manpower with special skills for the hydrocarbon industry in Nigeria.
The MD, in his goodwill message at the 12th Anniversary Ceremony of IPs in Port Harcourt, said, “we are proud that the seed planted 12 years ago had grown into a world class institute which is now producing world-class manpower for the petroleum industry.”
Terraz who was represented at the event by the Deputy Managing Director in charge of Deep Water District, Ahmadu-Kida Musa, assured other partners that the oil firm would sustain its contribution to the growth of the institute in view of the huge benefit and rewarding result of its investment in the partnership.
Delivering open the 12th Anniversary lecture entitled: “The Role of Universities in a Developing Economy,” Prof Peter Onwualu, described universities as custodians of culture, ethnics and standards of human behavior, advancement of knowledge and skill training.
He noted that in developed economies, universities have contributed significantly to the advancement of knowledge leading to high technology but regretted that in developing economies, universities are yet to play this role significantly and that is why these countries had continued to be underdeveloped.
In his address, the Director of the institute, Prof Dulu Appah, commended Total for its support and promised to sustain the legacies that positioned the institute as a one-stop centre for training what he described as industry-ready petroleum engineers.
In his valedictory speech, the Best Graduating Student, Princewill Ikpeda, expressed appreciation to Total and staff of the institute for impacting so much into them, remarking that with the high standard training given to them, they were confident of excelling where next they find themselves.
Chris Oluoh
Oil & Energy
‘Revamping Moribund Refineries ‘ll Address Rising Cost Of Petroleum Products’
Oil & Energy
The Race To Cut Methane Emissions Is Exposing A Global Divide
By Felicity Bradstock for Oilprice.com 16
Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
-
Politics3 days agoLG CITY BOY COORDINATOR HAILS WIKE’S SUPPORT FOR ONYESOH, TINUBU
-
Politics3 days ago
DIRI INAUGURATES APC CAMPAIGN COUNCIL, SETS MILLION VOTES TARGET FOR TINUBU
-
Politics3 days agoNDC Candidate Urges Oborevwori To Probe Asaba Political Violence
-
News3 days agoArmy Recovers X Account After Hack Attempt
-
Business3 days agoNigeria Loses N17tr Yearly To Abandoned Projects
-
Politics3 days ago
2027: Oborevwori Tasks Media On Fair, Accurate Reporting
-
Politics3 days ago
2027: AKPABIO ENVISAGES TINUBU’S VICTORY IN SOUTH SOUTH REGION
-
Politics3 days ago
Asaba Political Violence: Police Confirm One Dead, Delta Govt Urges Probe
